Summary
Well established, profitable, multi disciplinary studio in the Northern Beaches. A contemporary designed space, 4.5 years remaining lease & option to extend. Great retention rates & large database.
Location Details
Located in the heart of the northern beaches, in Manly. Very central location with ample free parking in the adjacent council carpark. Two story building with street frontage presence. Walkable distance to the Ferry terminal and local buses.
Potential
Great opportunity for owner occupier structure to accelerate ROI & personal salary opportunities whilst continuing to grow the business from within. However, current owners currently do not work in the studio and do retain some passive income if preferred. Business has sustained very strong growth year on year for the last 4 years. Income has diversified from various sources,and continues to show great promise with steady growth this financial year.
Hours
Trade encompasses hours across 7 days a week - with varying hours from 9am -9pm.
Lease
4.5 years remaining on current lease with option to extend.
Employees
6 long term, well trained staff - one senior manager & 5 casual team members.
Reason for Sale
Owners have received work opportunity elsewhere.
About the Business
Established 4 years ago - this business encompasses state of the art facilities including 5 top of the range infarared saunas, a commercial grade ice bath, highly trained staff, a diverse range of retail products and an evergrowing data base with high retention rates and customer loyalty. Business drives income from its membership platforms, diverse booking options, community of complimentary therapists that work within the space and more.
History
Family owned and operated business with a closely connected network of staff and complimentary therapists that have all contributed to the space and its growing community and influence in the northern beaches locale.
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